Business Grants Explained
Business Grants exist to help, not hinder UK businesses. As such, provides many businesses with some really good and beneficial access to grant funding often for the more specific requirements such as equipment purchases so long set criterion is met.
As a business looking to obtain some finance access, it’s important to find the right business grant to suit the needs of the business, and the ultimate purpose and reason in looking for funding in the first place.
Access Grant Funding
There are so many business grants covering a variety of purposes, therefore it would be almost impossible for a layperson (business) to be able to successfully access the right business grant, solely by themselves. That’s why, to save a lot of time and effort, ideally the efforts of the business would technically be best served in identifying, talking to and engaging the services of a knowledgeable finance broker.
With a 100% success rate for all our grant funding applications, so, because we’re able to quickly utilise our business grant finding service. Means we’re able to save businesses valuable time and money by doing all the hard work for them…!
Business grants can be used for various purposes – such as; Capital Equipment Purchase, Marketing, Expansion of Premises, Business Consultancy, Product Development, even as part of a Bespoke Funding Packages enabling businesses to access the overall amount of finance they seek.
With such a success rate with our business grant applications, we and our partners have supported hundreds if not thousands of businesses over recent years. Seeking out the best and available government funding most suitable for their needs. With access to business grant experts who do all the work for a business right from start to finish and more importantly understand the judging criteria for each business grant.
The hassles and aggravation to a business are kept to a minimum as we put the grant application together, present it in the appropriate format for the grant-awarding body as well as keep track of its progress.
Many business grants are available across the UK, and generally, the good news is that the funds do not have to be repaid and are interest-free. A business grant or plain old simple ‘Grant’ as often referred too, is often called ‘free money’, however, they will most certainly carry conditions such as the business applying has to create some jobs either immediately or in the long-term, as a result of being awarded the business grant.
Additionally, many grants will carry a requirement for any award to be part-funded (match-funded) by the business. i.e. the grant could stipulate that it has to be match funded on a percentage basis such as on a 50/50, 60/40 or 70/30. So if a business seeks a £20,000 worth of grant funding and is successful with the application on a 50/50 basis. The grant amount being awarded would be £10,000, with the business having to fund the remaining £10,000 from its funds, or by other means such as a Business Loan.
Normally grant funding can only be accessed for those requirements, purchases not already instigated, made or started, more importantly not having money already spent.
Whilst there’s more than just one route to finance, seeking and raising business grant funding can be difficult and time-consuming for business owners themselves to achieve.
Interested in Business Grants?
As an engineering company we never paid much attention to applying for business grants before as we just assumed that it would be too time consuming only to then find out we wouldn’t be eligible. Having a fiance broker access the grant funding on our behalf made it all seamless, effortless and worthwhile.
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